The US Department of Agriculture on Thursday revealed data on US farmers’ intentions for their spring sowings programme, and a quarterly briefing on US grain stocks.
Below key data in the briefings, and how these numbers differed from market expectations.
|USDA estimates for US crop sowings, 2022|
|Crop||Area estimate||Difference from 2021||Difference from market forecast|
|Of which winter wheat||37.505||+4.234||+1.249|
|All data in million acres|
|USDA estimates for US grain inventories, as of March 1|
|Crop||Stocks||Difference from year before||Difference from market forecast|
|All data in million bushels|